UNTY Q3 2023 Earnings — Unity Bancorp, Inc. Revenue & Financial Results | Market Cap Arena

UNTYUnity Bancorp, Inc.

$509M

Q3 2023 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$39M+42.8% YoY

Gross Profit

$25M63.9% margin

Operating Income

$13M33.6% margin

Net Income

$10M25.6% margin

EPS (Diluted)

$0.97

QoQ Revenue Growth

+3.9%

Cash Flow

Operating Cash Flow

$13M

Free Cash Flow

$13M

Stock-Based Comp.

$429,000

Balance Sheet

Total Assets

$2.6B

Total Liabilities

$2.3B

Stockholders' Equity

$252M

Cash & Equivalents

$161M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$39M	$27M	+42.8%
Gross Profit	$25M	$23M	+7.0%
Operating Income	$13M	$13M	-1.7%
Net Income	$10M	$10M	+0.1%

Revenue Segments

Service and loan fee income

$385,00058%

Branch fee income

$278,00042%